indirect taxes problems

News

GST rate structure for Petroleum and Oil Sector


To reduce the cascading of taxes arising on account of non inclusion of petrol diesel ATF natural gas and crude oil in GST and to incentivise investments in the EP exploration and production sector and downstream sector the GST Council in its 22nd meeting held on 6thOctober 2017 has made the followi

Announcement for Final Old Course Students appearing in May & Nov 2018 exams


Announcement for Final Old Course Students appearing in May 2018 November 2018 Examinations Study Materials applicable for Paper 7 Direct Tax Laws Paper 8 Indirect Tax Laws Students of Final Old Course appearing in May 2018 and November 2018 examinations may note that the new Study Materials for Fin

Form 67 enabled in efiling for claiming foreign tax credit


DGIT S ADG S 3 e filing notification form67 2017 Government of India Ministry of Finance Central Board of Direct Taxes Directorate of Income Tax Systems Notification No 9 New Delhi 19thSeptember 2017 Procedure for filing Statement of income from a country or specified territory outside India and For

Voluntary reporting of estimated current income and advance tax liability


Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi 19thSeptember 2017 Voluntary reporting of estimated current income and advance tax liability A taxpayer who is liable to discharge part of its tax liability by way of advancetax has to bear addition

MOU between MCA and CBDT for automatic exchange of information


MOU between the Ministry of Corporate Affairs and Central Board of Direct Taxes CBDT for Automatic and Regular Exchange of Information Taking forward the initiative launched by the Government of India to curb the menace of shell companies money laundering and black money in the country and prevent m

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Experts Opinions

Composition to regular registration problems


One of my friend opted composition scheme and hence No return has been submitted till date as he was supposed to submit quarterly return Two days before he opt out composition scheme as he will be supplying materials to Govt department after opting regular scheme the return dashboard is showing mont

Input Taxes credit in GST


My registered business places in Kolkata We stay in hotel at Delhi for our business he charged cgst and sgst How to take input or why not eligible to take input

Disallowance of Taxes, Expenses


Whether Expenses such EPF ESIC Taxes such as Vat for preceeding years are disallowed in Tax Audit

Late fee paid erroneously under the head 'taxes&cess'...


m While filing GSTR 3B belatedly the return filing late fee was paid erroneously under the wrong head Taxes Pl clarify and oblige

a critical analysis of both direct and indirect tax


pls give a good p d f to me easily studying tax

Discussion

delay in payment of duty n taxes

plz provide the interest rate in case of delay in payment of ST n Excise duty for Nov 2017 attempt

Problems in gstr -2a and gstr - 2 for july

As per Noticed GSTR 2A and GSTR 2 Started Working from 11 10 17 Problem 1 GSTR 2A No Accept Reject option View only Counter Party Status Yes Also Amendment B2B Invoices is not working Question Dont understand why Accept Reject option not working Need an Invoice to Reject but there is no option Probl

Direct taxes

Important topics in Direct Taxes for CA final Which of the topics shopuld be focussed more

ind AS practical problems

hi can anyone upload ind AS practical problems with solution for Nov 17 CA Final thanks in advance

Mrp inclusive of taxes charged

Now a days it is a practice by Medical shops without GST registration they used to sell charging MRP which is including all taxes Suppose MRP Rs 160 inclusive of 12 GST they should sell at Rs 142 86 Purchase price of the same is Rs 110 Rs 13 20 the cost price is Rs 123 20 means profit is Rs 36 80 me

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File Download

  • CA Final Indirect tax and GST Flow charts Nov 2017

    File contains GST Service tax Excise and Customs flow charts for Nov 2017 Examination Useful to CWA and CS also read enjoy and score good marks More than 10000 students are reading this charts Good luck
  • CA Final Summary of Direct & Indirect Tax Case Laws

    The Case Laws of Direct Indirect Taxes relevant for CA Final Examination Nov 2017 Attempt are presented in a summarized format for quick revision purpose
  • No TDS on GST component of service remuneration clarifies CBDT

    Today the Central Board of Direct Taxes CBDT has issued a Circular No 23 2017 clarifying that wherever in terms of the agreement or contract between the payer and the payee the component of Goods and Services Tax GST on services comprised in the amount payable to a resident is indicated separately tax shall be deducted at source under Chapter XVII B of the Income tax Act 1961 the Act on the amount paid or payable without including such GST on services component GST for these purposes shall include Integrated GST Central GST State GST and Union Territory GST For the purposes of this Circular any reference to service tax in an existing agreement or contract which was entered prior to 1 July 2017 shall be treated as GST on services with respect to the period from 1 July 2017 onward till the expiry of such agreement or contract The CBDT Circular is attached here for your reference Please communicate appropriately to your relevant client group
  • GST Back calculation

    Traders need not worry about the Price GST Rather with the help of this sheet they can sell inclusive of GST and back calculate to divide the taxes
  • Videos on GST - CA Final Students (Nov 2017)

    Hello Students The students appearing for CA Final Nov 2017 kindly click on the below link as it contains videos will help you to understand Types of taxes Utilization of taxes Definition of Exempt Supply Concept of Reverse charge and Distinct person in GST Do see and share

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Articles

GST Dassehra : Firing out problems in GST!


Arjuna Fictional Character Krishna Now the festival days are going on But still so many problems relating to GST are faced by taxpayers So tell something related to that Krishna Fictional Character Arjuna Yesterday itself we have celebrated Dassehra On the Dassehra we do combustion of Ravan i e of e


Payment of Taxes under GST


A registered taxable person or any other person on his behalf shall generate a challan in FORM GST PMT 06 on the Common Portal and enter the details of the amount to be deposited by him towards tax interest penalty fees or any other amount and pay the amount through the following means Internet bank


Types of taxes to be levied when 3 parties are involved in transactions


Statutory Provision IGST Act 10 1 b where the goods are delivered by the supplier to a recipient or any other person on the direction of a third person whether acting as an agent or otherwise before or during movement of goods either by way of transfer of documents of title to the goods or otherwise


Taxes which will NOT get subsumed in GST


Goods and Services Tax GST Indias biggest tax reform is launched at midnight by Prime Minister Narendra Modi at Parliaments historic Central Hall in the presence of President Pranab Mukherjee on 1st July 2017 It is the fourth time since Independence that an event will be held there at midnight The l


A brief introduction of taxes to be subsumed under GST


GST is all set to roll out from 1 July 2017 Broadly GST is referred as One nation one tax GST is one indirect tax for the whole nation converting India into the single unified market GST is a single tax on the supply of goods and services right from the manufacturer to the consumer Credits of input


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Updated on : 10/18/2017 1:27:11 AM



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